2246 23Rd Ave Oakland, CA ^$ 1,300,000

2246 23Rd Ave

^$ 1,300,000

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Recently Listed

2246 23Rd Ave

Oakland, CA, 94606

^$ 1,300,000

Studio Baths0.0

Monthly Estimate*

^$ 8,208

Listed by Marcus & Millichap

2246 23Rd Ave, Oakland, CA 94606 - Image 1

2246 23Rd Ave, Oakland, CA 94606 - Image 2

2246 23Rd Ave, Oakland, CA 94606 - Image 3

2246 23Rd Ave, Oakland, CA 94606 - Image 4

2246 23Rd Ave, Oakland, CA 94606 - Image 5

Studio

Multi-Family Home for sale in Oakland, CA

for $1,300,000. This home was built in 1926 on a lot size of 0.0652.

Fully occupied seven-unit multifamily asset in Oakland's Highland Terrace neighborhood. $1,300,000 ($185,714/unit, $275/SF). 5.46% current cap rate vs. 7.41% at market rents, with 20.4% rental upside and 35.6% NOI growth potential with no capital spend. Recent capital improvements include upgraded plumbing, electrical, windows, and roof. Located under 1 mile from Highland Hospital and roughly 1.6 miles from Fruitvale BART, with direct access to I-880. In-place NOI: $70,803. Market NOI: $96,095. The 2 live/work style units are not permitted.

Multi-Family Active

Price

^$ 1,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 19,927

Style

Lot Size

0.0652

Year Built

1926

Town/City

Oakland

County/Region

Alameda

MLS | Web ID

41144736

Days on Market

Features

General

Heating See Remarks

Cooling See Remarks

HOA Fee 0

Construction Materials Stucco

Year Built 1926

Tenant Pays Gas

County Alameda

Net Operating Income 70803

Property Type Residential Income

Subdivision Name HIGHLAND TERRACE

Status Active

Directions Cross Street: E 23rd St / 23rd.

City Oakland

Number Of Units Total 7

Lot Size Units Square Feet

Lot Size Square Feet 2840

Tax Annual Amount 19927

Standard Status Active

Cap Rate 5.46

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Lot Features Corner Lot

Total Parking 0

Lot Size Area 2840

Lot Size Acres 0.0652

* Excluded Features

List By

Marcus & Millichap

Broker

joe.owens@marcusmillichap.com

Affordability Calculator

$9,869

Per Month

Monthly Principal & Interest: $8,208
Monthly Property Taxes: $1,661
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Oakland, CA

Average List Price ^$1,096,204

Percent of Sale Price 16%

About Oakland, CA

423,136 Population

6% Since 2002

^$62,902 Median Income

38.73 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/12/2026	$1,300,000		Listed Price

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2246 23Rd Ave, Oakland, CA, 94606 is a Multi-Family Home for sale at $1,300,000 with a lot size of 0.0652. 2246 23Rd Ave is a studio with 0.0 baths and was built in 1926. The property's zip code is 94606 which is in Oakland, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/13/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2246 23Rd Ave

Multi-Family Home for sale in Oakland, CA

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